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Bloom Energy (BE) to Post Q3 Earnings: What's in the Cards?
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Bloom Energy (BE - Free Report) is scheduled to release third-quarter 2020 results on Oct 29. This clean energy producer company posted breakeven earnings in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
Bloom Energy expects revenues to be in line with the year-ago figure. The company’s ability to install new systems in the current environment has been a major positive. It reinitiated production ramp up, which will increase system output from the first half of 2020.
The company has been making progress in finding and working with new energy partners, which can allow it to expand clean energy operation in a global scale. The company’s presence in South Korea further expanded in the quarter, thanks to a contract to deploy two new clean energy facilities — having a total capacity of 28 MW — with fuel cell technology.
Our proven model does not conclusively predict an earnings beat for Bloom Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Ameresco, Inc. (AMRC - Free Report) is set to release third-quarter 2020 results on Nov 2. It has an Earnings ESP of +5.05% and a Zacks Rank #2.
NuStar Energy LP is set to release third-quarter 2020 results on Nov 5. It has an Earnings ESP of +2.94% and a Zacks Rank #2.
Cheniere Energy (LNG - Free Report) is set to release third-quarter 2020 results on Nov 6. It has an Earnings ESP of +31.36% and a Zacks Rank #3.
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Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Bloom Energy (BE) to Post Q3 Earnings: What's in the Cards?
Bloom Energy (BE - Free Report) is scheduled to release third-quarter 2020 results on Oct 29. This clean energy producer company posted breakeven earnings in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
Bloom Energy expects revenues to be in line with the year-ago figure. The company’s ability to install new systems in the current environment has been a major positive. It reinitiated production ramp up, which will increase system output from the first half of 2020.
The company has been making progress in finding and working with new energy partners, which can allow it to expand clean energy operation in a global scale. The company’s presence in South Korea further expanded in the quarter, thanks to a contract to deploy two new clean energy facilities — having a total capacity of 28 MW — with fuel cell technology.
Bloom Energy Corporation Price and EPS Surprise
Bloom Energy Corporation price-eps-surprise | Bloom Energy Corporation Quote
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Bloom Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Bloom Energy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Ameresco, Inc. (AMRC - Free Report) is set to release third-quarter 2020 results on Nov 2. It has an Earnings ESP of +5.05% and a Zacks Rank #2.
NuStar Energy LP is set to release third-quarter 2020 results on Nov 5. It has an Earnings ESP of +2.94% and a Zacks Rank #2.
Cheniere Energy (LNG - Free Report) is set to release third-quarter 2020 results on Nov 6. It has an Earnings ESP of +31.36% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>